[Is Bitcoin about to explode or collapse? Why is the rise so slow? ]

Brothers, does the recent rise of Bitcoin make you a little anxious? Obviously the technical side is bullish and the market sentiment is good, but the price is hovering around $65,000. Can it rise to $68,000 or even higher? Or are the big guys ready to start harvesting and the price is about to pull back?

1. Why is the rise slow?

1. Technical indicators are blunted at high levels: KDJ and RSI indicators are both at high levels, and the market is already in an overbought state. Although the bulls are strong, the willingness of funds to enter the market may decrease in the high area, resulting in a slowdown in the rise

2. The market is in a wait-and-see mood: Investors are waiting for clearer direction guidance, especially before the key resistance level, both long and short sides are more cautious, resulting in less price fluctuations.

3. Influence of macro factors: Recently, global economic data and policies have changed frequently, and investors are watching the next move of the Federal Reserve and the linkage effect of the global market

2. Can Bitcoin rise to $68,000?

1. Technical support: If Bitcoin can effectively break through the current resistance level, the trading volume will increase and stand above $66,000, and continue to rise to $68,000.

2. Funding support: If institutional funds and main funds continue to flow in, the upward momentum of Bitcoin will be further enhanced.

3. Still ready for a pullback?

1. Technical indicator divergence: If KDJ and RSI diverge at high levels and the price cannot break through the key resistance level, the risk of a pullback will increase.

3. Macro risks: Factors such as global policy changes and regulatory risks may lead to increased risk aversion in the market and suppress Bitcoin prices.

Although the current trend is slow, there is no obvious peak signal. You can continue to pay attention to the breakthrough of key resistance levels.

Brothers, what do you think? Is Bitcoin going to soar or is it ready for a sharp pullback? Welcome to leave your views in the comment area and discuss together! #美国二季度核心PCE符合预期 #美国8月核心PCE创4月以来新高 #美联储11月降息预期升温 #美国比特币现货ETF累计净流入创新高 #加密市场反弹 $ETH